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edgerton ks. | It’s called an option. Option money is paid yearly by solar company to keep it in effect. Usually 3ish years with an additional 3 or so if they choose to renew option. This gives them time to see what they can eventually tie up for leases. Then if things proceed as planned they will exercise the options which will then place the leases in force. Option payments are a pretty modest amount per acre. Big money comes when lease goes in effect. | |
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Solar Leases on Crop Ground
